Veris Residential (VRE)
NYSE:VRE
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VRE Stock Chart & Stats
$18.90
-$0.06(-0.38%)
At close: 4:00 PM EST
$18.90
-$0.06(-0.38%)
Day’s Range― - ―
52-Week Range$13.69 - $19.03
Previous CloseN/A
Volume33.93K
Average Volume (3M)777.36K
Market Cap
$1.78B
Enterprise Value$3.13B
Total Cash (Recent Filing)$2.57B
Total Debt (Recent Filing)$1.37B
Price to Earnings (P/E)―
Beta0.44
Next EarningsN/A
EPS EstimateN/A
Next Dividend Ex-DateN/A
Dividend Yield2.17%
Share Statistics
EPS (TTM)N/A
Shares Outstanding93,838,020
10 Day Avg. Volume1,044,807
30 Day Avg. Volume777,355
Financial Highlights & Ratios
PEG Ratio-0.04
Price to Book (P/B)1.21
Price to Sales (P/S)4.82
P/FCF Ratio25.27
Enterprise Value/Market Cap1.76
Enterprise Value/Revenue10.78
Enterprise Value/Gross Profit410.23
Enterprise Value/Ebitda12.93
Forecast
1Y Price Target
$20.00Price Target Upside5.82% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Bulls Say, Bears Say
Bulls Say
Acquisition/Deal OutcomeAn all-cash merger agreement guarantees a clear cash payout for shareholders and fixes transaction value independent of future share volatility.
M&A InterestActive public-to-private buyers in the real estate sector increase acquisition interest in listed real estate companies and can attract competing bids that support deal pricing.
Operational ExecutionManagement's optimization of the portfolio, balance sheet and land bank indicates improved operational discipline that can boost value realization in a sale process.
Bears Say
Activist PressureA significant investor calling for a strategic review and history of proxy battles signal recurring governance friction that can disrupt long-term strategic execution.
Dividend PolicyA final dividend followed by suspension of ongoing payouts reduces expected income for shareholders and diminishes the stock's income appeal.
Valuation GapAgreed deal price trading below estimated net asset value suggests the transaction may not fully capture the underlying asset worth for shareholders.
Veris Residential News
VRE FAQ
What was Veris Residential’s price range in the past 12 months?
Veris Residential lowest stock price was $13.69 and its highest was $19.03 in the past 12 months.
What is Veris Residential’s market cap?
Veris Residential’s market cap is $1.78B.
When is Veris Residential’s upcoming earnings report date?
The company’s upcoming earnings report date is not yet available.
How were Veris Residential’s earnings last quarter?
Currently, no data Available
Is Veris Residential overvalued?
According to Wall Street analysts Veris Residential’s price is currently Undervalued.
Does Veris Residential pay dividends?
Veris Residential pays a Quarterly dividend of $0.08 which represents an annual dividend yield of 2.17%. See more information on Veris Residential dividends here
What is Veris Residential’s EPS estimate?
Veris Residential’s EPS estimate for its next earnings report is not yet available.
How many shares outstanding does Veris Residential have?
Veris Residential has 93,838,020 shares outstanding.
What happened to Veris Residential’s price movement after its last earnings report?
Currently, no data Available
Which hedge fund is a major shareholder of Veris Residential?
Currently, no hedge funds are holding shares in VRE
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Veris Residential Stock Smart Score
Underperform
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Analyst Consensus
Moderate Buy
Average Price Target:
$20.00 (5.82% Upside)
$20.00 (5.82% Upside)
Blogger Sentiment
Bullish
VRE Sentiment 67%
Sector Average 69%
Sector Average 69%
Hedge Fund Trend
Decreased
By 578.3K Shares
Last Quarter.
Last Quarter.
Technicals
SMA
Negative
20 days / 200 days
Momentum
-8.98%
12-Months-Change
Fundamentals
Return on Equity
6.07%
Trailing 12-Months
Asset Growth
-9.21%
Trailing 12-Months
Company Description
Veris Residential
Veris Residential, Inc. is a forward-thinking, environmentally- and socially-conscious real estate investment trust (REIT) that primarily owns, operates, acquires, and develops holistically-inspired, Class A multifamily properties that meet the sustainability-conscious lifestyle needs of today's residents while seeking to positively impact the communities it serves and the planet at large. The company is guided by an experienced management team and Board of Directors and is underpinned by leading corporate governance principles, a best-in-class and sustainable approach to operations, and an inclusive culture based on equality and meritocratic empowerment. For additional information on Veris Residential, Inc. and our properties available for lease, please visit http://www.verisresidential.com/.
VRE Stock 12 Month Forecast
Average Price Target
$20.00
▲(5.82% Upside)
Technical Analysis
Apartment Investment & Management
―
Umh
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Independence Realty
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BRT Apartments
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NexPoint Residential
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Ownership Overview
14.02% Insiders
20.74% Mutual Funds
0.12% Other Institutional Investors
38.31% Public Companies and
Individual Investors